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Fly News Breaks for October 9, 2015
FARO
Oct 9, 2015 | 07:55 EDT
Canaccord believes FARO Technologies will likely see a pullback due to macro challenges, including slowing China and automotive demand. Since automotive represents the company's largest end-market, the firm is trimming its estimates and maintaining its Hold rating. Canaccord lowered its price target to $38 from $44 on FARO Technologies shares.
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